Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Basin Uranium Corp. (NCLR) has closed its private placement of charity flow-through units which issued 5.64 million charity flow-through units at a price of $0.64 per unit
  • The proceeds of $3.6 million includes the full exercise of the over-allotment option held by PI Financial Corp. and Red Cloud Securities Inc.
  • The gross proceeds will be used by Basin for expenditures at its Mann Lake uranium project
  • Basin Uranium Corp. (NCLR) is up 1.56 per cent and is trading at $0.65 per share as of 1:48 p.m. EST

Basin Uranium Corp. (NCLR) has closed its private placement of charity flow-through units for gross proceeds of approximately $3.6 million.

The proceeds include the full exercise of the over-allotment option held by PI Financial Corp. and Red Cloud Securities Inc.

The company issued 5.64 million charity flow-through units at a price of $0.64 per unit.

The charity flow-through units were issued as part of a charity arrangement structured by Peartree Securities Inc.

Each charity flow-through unit consists of one common share to be issued as a flow-through share and one-half of one common share purchase warrant.

Each warrant is exercisable into one common share at a price of $0.75 on or before December 7, 2023.

The agents received a cash commission of 7 per cent and an equal amount of charity flow-through units.

The gross proceeds will be used by Basin for expenditures at its Mann Lake uranium project.

Basin Uranium Corp. (NCLR) is up 1.56 per cent and is trading at $0.65 per share as of 1:48 p.m. EST.

More From The Market Herald

" Element 29 (TSXV:ECU) receives DTC eligibility

Common shares of Element 29 Resources (ECU) are now eligible for electronic clearing and settlement through the Depository Trust Company.

" Ivanhoe Mines (TSX:IVN) announces construction updates for Kamoa Copper’s Phase 2 concentrator plant

Ivanhoe Mines (IVN) has released an update on the construction of a Phase 2 concentrator plant at Kamoa-Kakula.
Newrange Gold - CEO, Robert Archer.

" Newrange Gold (TSXV:NRG) outlines winter drilling program for Red Lake projects

Newrange (NRG) has provided details on the upcoming drill programs on its 100 per cent owned North Birch and Argosy Gold Mine Projects.

" Gowest Gold (TSXV:GWA) announces investment by Greenwater Investment Hong Kong Limited

Gowest Gold (GWA) has announced a $19 million investment from Greenwater Investment Hong Kong Limited.